Auto Lease Contract

An auto lease contract is produced between an auto company and a customer (lessee) for hiring the vehicles for personal or official purpose. An auto lease contract is an official document and is based on the certain official commitments.

This auto lease contract is starting from December 26th, 2010 and is terminating on December 26th, 2012.

Following mentioned term & conditions are committed between both the parties:

Lessor company obligations:

The lessor company is responsible for handing over the vehicles on the committed date along with the full documentation, including license.

Lessee company duties:

The lessee company will be responsible for the maintenance of vehicles. In case of any accidental damage, the lessee company will get the damaged vehicles repaired.

Payment clause:

The lessee company has already paid amount of $ 45600 as the advanced payment and the monthly rental is decided at $ 4500 for every vehicle. The date of rental submission is 5th of every month for the committed duration of the contract.

Termination conditions:

The termination can be considered in case if any unsettled issue is occurred or if any of the parties are not willing to continue the contract.